18 installments • 61%
My name is Joseph Mwape and I am 31 years old. I am married and i have one child. I went to school in luanshya and completed my secondary education at mpatamatu secondary school. From childhood i liked business and so when i finished school i did some studies in sales and marketing. Jobs are hard to find and thats how i opened my own business and overcame the challenge of unemployment. My hobbies are singing and playing golf. My daughter wants to become a soldier when she grows up.
I have two businesses. One i buy and sell eggs then the other business i do i own 3 MTN booths for mobile money business and i have employed 3 ladies. The main business i do is buy eggs from farms at wholesale price then sell to different markets are retail prices and this business has been booming as eggs are on high demand. Sometimes i supply to NGOs who run nutrition programs in orphanage centres. When things are okay i also make some donations to NGOs of eggs. The major expenses i encounter is transport and payments to my driver who drives my van to deliver the eggs in market especially when am busy.
Am applying for this loan to increase stock of eggs . I already have market where to take these eggs and they are on demand. With this loan am destined to increase my business sales and the profit I will make from this business I will be able to reinvest and repay the loan without any challenges. I also use my profit to buy school needs for my daughter.
Despite the economic challenges , the business is still doing okay. People still need food everyday and healthy living. Also because I run another business of MTN mobile money the commissions I get from the mobile money business can help to repay the loan. People transfer money from one another everyday especially for business transactions so I still have hope that I can be getting some extra income from there. I am confident that I will repay my loan without any problem.
Feb 24, 2021
Cost to entrepreneur
Service fee: $8.64
Credit risk payment: $27.62
Optional expediting fee: $17.27